Inventories in Asia decline as’s new coronavirus strain becomes a “scary headline”

© Reuters.

Gina Lee – Asia Pacific stocks fell almost Friday morning, ending this week with a fall over the discovery of a new coronavirus strain.

Japan was down 2.35% by 9:13 pm (Greenwich Mean Time 2:13 am) and South Korea was down 0.79%. In November, it increased by 0.3% from the same month of the previous year, and in November, it increased by 0% from the previous month.

In Australia, it decreased by 1.28% and increased by 4.9% from the previous month in October.

Hong Kong fell 1.89%.

China decreased by 0.30%, but inching increased by 0.06%.

World Health Organizations and scientists are studying variants detected in South Africa and have been described as very different from previous versions. The UK has temporarily banned flights from South Africa and five other African countries, but Hong Kong has already confirmed cases of two variants.

The benchmark fell to about 1.60%, but the South African rand fell by more than 16 per dollar for the first time in a year.

“The trigger was the news of this COVID variant and there was uncertainty about what this meant. When this kind of news comes up, we’ll shoot it first and ask later,” National said. Leiatril, head of FX strategy at the National Australia Bank, told Reuters.

However, other investors remained optimistic.

IG Markets Ltd. Analyst Kyle Rodda told Bloomberg that this variant was a “horrible headline” and could have caused a kneeling reaction.

“North America is away from the desk [for a holiday on Thursday] It means that the buyer’s wall is missing, “he added.

The detection of this stock, now named B.1.1.529, comes from the central bank’s suggestion of a monetary tightening policy to curb sustained high inflation. According to the Goldman Sachs Group, the Fed could tighten its policies faster than previously expected, doubling the pace of bond purchases to $ 30 billion per month from January 2022 and raising interest rates from near zero in June. There is sex.

“The increased openness to accelerating the tapering pace is somewhat higher than expected in the last two months, and the faster pace will not shock financial markets,” Fed officials said. It is likely to reflect both of the greater reassurance of the person. “

Meanwhile, Bloomberg’s eight initial comprehensive index shows that China’s economic recovery from COVID-19 in November continues to slow, and car and housing sales continue to decline as the housing market crisis prolongs. Indicates that you are.

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Inventories in Asia decline as’s new coronavirus strain becomes a “scary headline”

Source link Inventories in Asia decline as’s new coronavirus strain becomes a “scary headline”

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